Shenzhen Leybold High-Tech Co., Ltd. (hereinafter referred to as Laibao High-Tech), a well-known display manufacturer in China, publicly disclosed its report for the first quarter of 2024.
During the reporting period, Laibao Hi-Tech achieved a cumulative revenue of 1.468 billion yuan, a year-on-year increase of 27.34%, a net profit attributable to the parent company of 117 million yuan, a year-on-year increase of 448.08%, and a net cash flow of 57 million yuan, a year-on-year decrease of 75.16%.
Laibao Hi-Tech said: From January to March 2024, the company actively seized the favorable market opportunity of the recovery of global consumer electronics such as notebook computers and automobiles compared with the same period last year, and organized overtime production during the Spring Festival holiday to meet customer demand for product delivery.
At the same time, the production and sales of the company's leading products, such as large-size capacitive touch screens and vehicle cover glass, have increased significantly compared with the same period last year, realizing that the company's overall sales revenue and gross sales profit have increased significantly compared with the same period last year, which has brought a greater positive impact on the company's production and operation performance.
During the reporting period, the main business of Leybold Hi-Tech was the R&D and production of flat panel display materials and devices, and touch devices. The existing leading products include ITO conductive glass, color filter (CF), TFT-LCD display panel and module, driver backplane and reflective color film for e-paper display, capacitive touch screen, etc.
According to the data, Laibao Hi-Tech ranks in the forefront of the domestic market position in the high-end ITO conductive glass, the color filter is mainly for self-use, and the TFT-LCD panel only has a 2.5 generation line, mainly to meet the multi-variety, small batch of customized orders, the market share is relatively limited.
It is worth mentioning that Laibao Hi-Tech also has the only mass production of the 5th generation touch screen production line in China, is the leading manufacturer of the global notebook computer touch screen market segment, the domestic leader in vehicle touch screen shipments, independent and cooperative research and development of micro-electric cavity display (MED) technology and products, the technical level is internationally leading. On the whole, the company ranks in the forefront of the industry in the domestic medium and large-size capacitive touch screen market.